India, Oct. 24 -- Central Bank of India has told the police that Rs.13.97 crore was siphoned from its settlement account with the Reserve Bank of India (RBI) through 187 unauthorised transfers between October 15 and 17. The bank alleges that unknown persons got into the central SFMS server of Indian Financial Technology and Allied Services (Iftas), a wholly owned RBI subsidiary, through the SFMS server of its core banking system.

SFMS, the Structured Financial Messaging System, carries the payment messages that banks exchange through the RBI's RTGS and NEFT systems.

The money went into 36 bank accounts, according to the first information report (FIR) registered at the Nodal Cyber Police Station, Mumbai. The complainant is the bank's gen...